Ask Question, Ask an Expert


Ask Business Economics Expert

problem 1: France exports 400,000 tons of goods per year and imports 300,000 tons of goods. France runs a:

A. Trade surplus
B. Trade deficit
C. Trade tariff
D. Trade benefit

problem 2: According to the Phillip’s curve, if unemployment decreases ___________ also decreases:

A. Production
D. Interest rates

problem 3: The type of unemployment where only frictional unemployment exists is called:

A. Full employment
B. Cyclical employment
C. Seasonal employment
D. Structural employment

problem 4: Given a closed economy, the marginal propensity to save can be find outd by:

A. 1-MPC
B. Change in GDP
C. 1/MPC
D. Imports-Exports

problem 5: Taking into account the model, Y = C + I + G + X – M, what effect would a sharp decrease in consumer spending have on the GDP:

A. GDP would decline
B. GDP would increase
C. GDP would stay the same
D. GDP will change, but unable to determine direction.

problem 6: Given severe drought in Russia, the price of winter wheat has increased across the globe. What kind of inflation would occur due to this price increase:

A. Demand-pull
B. Demand-push
C. Cost-pull
D. Cost-push

problem 7: During the past year inflation increased as well as the unemployment rate. What term best describes what happened in the past year:

A. Stagflation
B. Inflation
C. Economic growth
D. Economic decline

problem 8: The president of Econmia has decided to switch the economy over to a system where the government will decide and limit the amount of production done each year. They wish to more tightly control their economy at the risk of shortages. The type of economy they have chosen to pursue is:

A. Capitalistic
B. Natural
C. Free market
D. Command

problem 9: Seeing the change in Economia, the country next to them has decided to pursue the opposite type of economy where the government places no limitations on producers and supply and demand drives the economy. The type of economy they have chosen to pursue is:

A. Capitalistic
B. Natural
C. Free market
D. Command

problem 10: Carson has the opportunity to trade his candy bar for either a soda, juice, or a sandwich. If he chooses to trade for the soda, what is his opportunity cost:

A. Juice and sandwich
B. Soda
C. Candy bar
D. Juice, sandwich, and candy bar

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92895
  • Price:- $50

Priced at Now at $50, Verified Solution

Have any Question? 

Related Questions in Business Economics

Allocation and allotments please respond to the following1

"Allocation and Allotments" Please respond to the following: 1. From the first e-Activity, examine and evaluate the disparity of Georgia budget allocation for education and property tax to the various localities. Based o ...

Assessment task in this assessment students are required to

ASSESSMENT TASK: In this assessment, students are required to demonstrate their ability to apply economic principles learnt in this subject to analysing real-world business operations and evaluate how their long-run busi ...

Assignmentyou must submit 2 files to this link once done as

Assignment You must submit 2 files to this link once done as follows: Part 1) An MS Excel spreadsheet (.xls or .xlsx no other file formats will be accepted) use the dataset spreadsheet provided for the assignment and inc ...

Assessment task descriptiontopicstudents will be required

ASSESSMENT TASK: DESCRIPTION Topic Students will be required to choose a specific enterprise (it should ideally be one with which they are somewhat familiar) and develop a sustainability indicators monitoring system for ...

Chapter 1 managing changeq1 figure 176 shows how bad an

Chapter 1 Managing change Q1 Figure 1.76 shows how bad an implementation can become. Action needs to be taken to prevent this kind of situation. What would you recommend should be done? Q2 You are the project manager for ...

Assignmentinstructions1 select an illegal activity and

Assignment Instructions 1. Select an illegal activity and transform/mask its' true purpose with the disguise of a legitimate business operation. In other words, create a start-up business that would be viewed as a legal ...

Assignmentpart idirections please write a paper that is at

Assignment PART I Directions: Please write a paper that is at least two to three pages in length in which you address the questions below. Write your paper in APA format with at least one cited scholarly reference. Revie ...

In the united states as in most countries we value the

In the United States, as in most countries, we value the benefits of a free and competitive market. This suggests an interesting question: what if there were to be no Antitrust laws or other regulations on business activ ...

1what is the production possibilities curve and how is it

1. What is the production possibilities curve and how is it useful? 2. What 4 factors contribute to determining any point in this model? 3. How would we apply this framework to the real world? 4. You are planning to expa ...

Cite the sources used to answer this question provide the

Cite the source(s) used to answer this question. Provide the source(s) below your response and apply APA guidelines for references. 1) Class, is it possible for a business to show an accounting profit, but actually earn ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen